04272oam 22011174 450 991078852710332120230617013238.01-4623-3571-31-4527-3403-81-282-10724-01-4519-0563-79786613800596(CKB)3360000000442487(EBL)3012571(SSID)ssj0001477502(PQKBManifestationID)11853374(PQKBTitleCode)TC0001477502(PQKBWorkID)11452874(PQKB)11516631(OCoLC)535146996(MiAaPQ)EBC3012571(IMF)WPIEE2005008(EXLCZ)99336000000044248720020129d2005 uf 0engur|n|---|||||txtccrImplicit Transfers in IMF Lending, 1973–2003 /Priyadarshani Joshi, Jeromin ZettelmeyerWashington, D.C. :International Monetary Fund,2005.1 online resource (42 p.)IMF Working Papers"January 2005."1-4518-6027-7 Includes bibliographical references (p. 40-41).""Contents""; ""I. INTRODUCTION""; ""II. POTENTIAL SOURCES OF IMF TRANSFERS""; ""III. METHODOLOGY AND DATA""; ""IV. RESULTS""; ""V. CONCLUSION""; ""APPENDIX I""; ""APPENDIX II""; ""APPENDIX III""; ""REFERENCES""We compute realized transfers implicit in IMF lending from 1973-2003, based on 2003 IMF repayment projections and promised debt relief. IMF lending rates to high-and middleincome countries fell short of industrial country borrowing rates by 30-150 basis points over the period as a whole, but exhibited a small premium after 1987. The subsidy received by low-income and HIPC countries was much higher (400-600 basis points, respectively). In 2002 NPV terms, cumulative transfers were 12-15 percent of 2002 GDP for the HIPCs, 2-3 percent for low income countries, and less than ¾ percent for the emerging market countries.IMF Working Papers; Working Paper ;No. 2005/008LoansDeveloping countriesSubsidiesDeveloping countriesBanks and BankingimfFinancial Risk ManagementimfMacroeconomicsimfIndustries: Financial ServicesimfDebtimfDebt ManagementimfSovereign DebtimfPersonal Income, Wealth, and Their DistributionsimfInterest Rates: Determination, Term Structure, and EffectsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinanceimfDebt reliefimfPersonal incomeimfSDR interest rateimfLoansimfMarket interest ratesimfDebts, ExternalimfIncomeimfInterest ratesimfUnited StatesimfLoansSubsidiesBanks and BankingFinancial Risk ManagementMacroeconomicsIndustries: Financial ServicesDebtDebt ManagementSovereign DebtPersonal Income, Wealth, and Their DistributionsInterest Rates: Determination, Term Structure, and EffectsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinanceDebt reliefPersonal incomeSDR interest rateLoansMarket interest ratesDebts, ExternalIncomeInterest ratesJoshi Priyadarshani1462148Zettelmeyer Jeromin1462149International Monetary Fund.Research Dept.DcWaIMFBOOK9910788527103321Implicit Transfers in IMF Lending, 1973–20033670989UNINA